H-P Unveils Details in Case Against Autonomy

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Robert McMillan Hewlett-Packard Co. said Autonomy Corp. improperly reported $709 million in revenue over 2 1/2 years before H-P bought the British software maker for $11 billion in 2011, as it fleshed out fraud allegations against former Autonomy executives. ...

Kocherlakota: Fed Shouldn't Raise Rates in 2015

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Ben Leubsdorf The Federal Reserve shouldn't raise its benchmark short-term interest rate in 2015, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota reiterated Tuesday. The U.S. central bank "can best achieve its objectives by keeping the fed funds rate ...

J.P. Morgan Chase Details New Probes in Filing

TODAY: May 6, 2015 PUB DATE: May 6, 2015

J.P. Morgan Chase & Co. detailed new investigations and updated other regulatory probes in its latest quarterly filing Tuesday afternoon. The largest U.S. bank by assets said it is in "advanced stages" of discussions with the Justice Department and the ...

States Look to Boost Taxes--update

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By John D. McKinnon and Matthew Dolan About a dozen states--including several led by Republican governors--are considering significant tax increases this year, despite the success of antitax conservatives in the 2014 elections. In the latest round of the debate, Michigan ...

Oil Futures End Losing Streak

TODAY: May 6, 2015 PUB DATE: May 6, 2015

HONG KONG--Crude oil futures ended a two-day losing streak Wednesday to resume an upward march that began a month-and-a-half back. On the New York Mercantile Exchange, light, sweet crude futures for delivery in June was trading above $60 a barrel, ...

Oil Futures End Two-day Losing Streak

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Biman Mukherji HONG KONG--Crude oil futures ended a two-day losing streak Wednesday to resume an upward march that began a month-and-a-half back. On the New York Mercantile Exchange, light, sweet crude futures for delivery in June was trading above ...

BMW Profit Growth Lags Jump in Revenue

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By William Boston And Monica Houston-Waesch FRANKFURT-- BMW AG, the German luxury car maker, reported a 4% jump in first-quarter net profit on sharply higher sales, boosted by strong demand in the U.S. and Europe as well as the euro's ...

Australia Retail Sales Rise less Than Expected

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By James Glynn SYDNEY--Australian retail sales rose by a less-than-expected 0.3% in March from February, and by a lower-than-anticipated 0.7% in the first quarter from the final three months of last year. Economists had been expecting a 0.4% increase in ...

Greece Jitters Rattle European Markets - Update

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Josie Cox European stocks rose tentatively Wednesday, though concerns over Greece's future continued to put pressure on government bonds. The Stoxx Europe 600, having sold off sharply Tuesday, was trading around 0.2% higher by midmorning, spurred by some robust ...

Eurozone Growth Boosted by Spain, Italy

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Paul Hannon Economic growth in the eurozone eased less sharply than first estimated in April, as pickups in Spain and Italy partly offset slowdowns in Germany and France, according to surveys of purchasing managers. The surveys continue to indicate ...

CURRENCIES: Weak ADP Jobs Report Weighs On Dollar

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Joseph Adinolfi, MarketWatch The dollar traded lower Wednesday, extending its losses after payrolls processor ADP released an April employment number that was much weaker than what the market had expected, prompting investors to worry that the U.S. remains in ...

U.S. Productivity Falls 1.9% in First Quarter

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Jeffrey Sparshott and Josh Mitchell WASHINGTON--U.S. worker productivity fell in the opening months of 2015, the latest sign of sluggish economic growth at the start of the year. The productivity of nonfarm workers, measured as the output of goods ...

Brazil's March Industrial Output Data Comes in Below Forecasts

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Paul Kiernan and Rogerio Jelmayer RIO DE JANEIRO--Brazil's industry fared even worse than economists had expected in the first quarter, with March data coming in below forecasts and numbers from February being revised lower. Industrial production declined 0.8% in ...

Thomson Reuters Unveils $1 Billion Stock Buyback Plan

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Tess Stynes Thomson Reuters Corp. said it plans to repurchase up to an additional $1 billion of its shares by the end of next year. The news and information service said it has substantially completed a previous $1 billion ...

Press Release: ECONOMIC GROWTH TO CONTINUE -4-

TODAY: May 6, 2015 PUB DATE: May 6, 2015

Manufacturing -- Operating rate is currently 79.5 percent of normal capacity. -- Production capacity is expected to increase 3.4 percent in 2015. -- Capital expenditures are expected to increase 3.1 percent in 2015. -- Prices paid decreased 1.9 percent through ...

Press Release: ECONOMIC GROWTH TO CONTINUE -2-

TODAY: May 6, 2015 PUB DATE: May 6, 2015

--------- --------- --------- --------- --------- --------- ------------ Higher 29% +12.9% 40% +11.1% 23% +14% --------- --------- --------- --------- --------- --------- ------------ Same 70% NA 59% NA 71% NA --------- --------- --------- --------- --------- --------- ------------ Lower 1% -5.0% 1% -12.5% ...

Apple Dives Again Into Bond Market--Update

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Mike Cherney Apple Inc. is back in the bond market. The company is looking to complete an $8 billion bond sale on Wednesday. One investor said the deal received about $20 billion in orders from buyers, allowing the company ...

ISM: April 2015 Outlook More Cautious Than in December

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Kathleen Madigan Revenues and employment are expected to rise further in 2015, but business executives are more cautious now than they were in December, according to surveys released Wednesday by the Institute for Supply Management. Some businesses are feeling ...